African Barrick Gold Share Discussion Threads

[robrah] 18/7/2013 21:32

POG the company . Used to trade well over 1200 p from there to day it is only trading well below 1 quid.

[robrah] 18/7/2013 21:29

Yet many will chase this one .dispite all the inherent set back . Since 250 people have been calling bottom on to see ut fall all the way down to 89 p

[kooba] 18/7/2013 20:57

Bit too basic there i think.

[robrah] 18/7/2013 08:43

Abg may do better or worse depending on the reduction in cost of oroduction. . But it is unlikly to fall significently . In the case gold fall 1100 or even a 1000. Why not go safe with randgold cost of productio approx 700 to 800 . Why very near term production capapility of 1 million onz pa. They are best in breed. Abg may have 400m last time reported . How much will they have now. I think it back to the basics .Sales price less cost equals profit .The bigger the profit potential the better the company. Randgold has a higher cash generating capability due to their cost of prod and higer output.

[undervalued companies] 18/7/2013 08:11

Well not sure anyone can base whether abg is a good price until next week based on cost.

Other issues have been power supplies are very poor in region and break ins don't help.

On positive side is cash but will see how the CEO gets on with so called cost cutting next week.

Interesting article in ft about those gold mines who cut costs and margin will be the ones and the high cost miners will burn not sure which camp abg is in until next week.

[smurfy2001] 17/7/2013 09:34

Nah, people read the posts, just waiting for a cheaper price.

Carry on chap.

[undervalued companies] 17/7/2013 08:12

Seems dead on here ?

We await results soon and let's see if abg cut $950 cost add on $200 for all in that's $1,150 cost with div that's $1,300 Ish

Loss position.

[undervalued companies] 15/7/2013 10:31

One positive point I read somewhere abg has the potential to produce a million oz a year.

However certainly not in 2013 or 2014

Any of you lot have a forecast of 1 million oz production year if they ever do ?

[undervalued companies] 13/7/2013 11:27

No gold going down to $900 IMO and jim rogers and I think it will get worse 4q you can fight in I guess but it will happen

On abg the cash is good no real debt but poor production disappointments on growth although they claim a lot. Real concern is the cost is making a loss NOW with all the costs thrown in.

I guess cutting the dividend would show a profit but short term be careful

[lovegod] 11/7/2013 17:03

nice rise and more to come

[robrah] 11/7/2013 07:21

Gold miners should do well today . Lets wait and see.

[robrah] 10/7/2013 17:37

Abg better come up with exceptional report . Talking the cost of prod down to 700 ish . That the only way they will compete with peers. I dont get why someone with pick abg over randgold . It is best in breed . And will be the best preform as soon as pog starts moving up.

[narindg] 10/7/2013 16:51

quidsin i hope ur not quids out

[drewz] 10/7/2013 01:54

Stunning analysis.

[indonesianbachelor] 09/7/2013 15:13

hxxp://www.growthcompany.co.uk/features/2382928/aim-gold-mining-what-are-the-dangers.thtml

GCI say things will end badly for African Barrick

[nw99] 09/7/2013 08:20

Chart looks good here just bought

[quidzinn] 05/7/2013 13:22

155p would be nice ... I bought 15K shares @ 106.2p yesterday :)

Q

[addison17] 05/7/2013 08:15

Normura Upgrades ABG to Buy, target 155p.

[karmastuartra] 05/7/2013 07:40

rob,abg is not for you,clearly.

[kooba] 04/7/2013 09:03

"Some people say they have cash"Yes their accountants and over $400m of it at last count yes this could be eaten into with current POG but until the results of the strategic review across all group costs and operations later this month it is difficult to ascertain quite what their production and cost profile will look like exactly going forward.This is a leveraged play on gold I grant you and is therefore not without risk but it is in a better position than many miners.Randgold is a highly successful operation and their rating reflects that...I personally believe there is more risk but more upside here if the right decisions are made and the gold price improves as I believe it will.Only time will tell.

[robrah] 04/7/2013 08:28

So some people think this is a steal because the cost per onz is only 900+ and after the cost review they may get it to say 850 . Some people say they have cash . Well how long will that last with out a serious near term growth . If one is truly devolted to the gold story why pick the weakest of the peer group. Rand gold has new mine coming up . In 2014. That will add serious onz . Their cost profile even without the straregic cost cotting is with in 700. Share price wise randgold has been beat down also due to the drop in pog to multiyear lows . Abg has recently (7 or 9months ago) signed a royalty agreenment 1% of gold sales an added burden to ther cost base. They have serious power issues . The locals have tried to raid the mines a couple of times. High profile Institutional shareholder have dumped abg on the grounds of health and safety stand of their opration . Can someone explain how is this a steal compared to randgold. With all this turbulance how is abg a steal.

[kooba] 04/7/2013 07:32

Looks like a man with vested interest ..however some interesting points made especially about the short position and that the bullion banks the real movers and shakers are now in a position where they may favour an up move again having finally squared their books on this rout.It could be setting up for a massive squeeze through physical then into the paper market...comex short reveals a very crowded trade.